Search found 291 matches

by EfficientInvestor
Wed May 20, 2020 5:57 pm
Forum: Investing - Theory, News & General
Topic: A gentle alternative to HEDGEFUNDIE's excellent adventure with 2-Year Treasury Futures
Replies: 115
Views: 13727

Re: A gentle alternative to HEDGEFUNDIE's excellent adventure with 2-Year Treasury Futures

I have been doing a modified Hedgefundie's strategy in tax advantage account. 70:30 (TQQQ/TMF). Its been going well but I would like to give try something in a taxable account. I opened a taxable Schwab futures account. To get my feet wet, what is the minimum amount I need to purchase for a 60:40 (...
by EfficientInvestor
Mon May 18, 2020 7:40 am
Forum: Investing - Theory, News & General
Topic: The fallacy of hedging stock market investments
Replies: 16
Views: 1367

Re: The fallacy of hedging stock market investments

In theory it may be well be possible to use options the way one uses insurance--to pay money in order to re-shape the distribution of outcomes to something closer to your liking. Statistically, I am losing money by buying homeowners' insurance, but I am willing to do so because I would rather pay a...
by EfficientInvestor
Sun May 17, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: A gentle alternative to HEDGEFUNDIE's excellent adventure with 2-Year Treasury Futures
Replies: 115
Views: 13727

Re: A gentle alternative to HEDGEFUNDIE's excellent adventure with 2-Year Treasury Futures

How did you come up with "2.5-3X 10-year treasury for every 1 unit of stock" parity? I am not saying that is wrong, I am getting almost the same number based on DV01 calculations. Just interested how you got the parity ratio. Thanks. I think a good starting point is to perform a historical efficien...
by EfficientInvestor
Thu May 14, 2020 10:23 am
Forum: Investing - Theory, News & General
Topic: Which ETFs have LEAP options available?
Replies: 2
Views: 176

Re: Which ETFs have LEAP options available?

Is there is a list of ETFs that have LEAP options available? I see that SPY, QQQ, IWM, DIA, ETFs of popular indexes, have LEAP options. SPY - S&P 500 index QQQ - NASDAQ 100 IWM - Russell 2000 Index DIA - Dow Jones Are there others ETFs? EFA - Developed Intl EEM - Emerging Markets TLT - long term tr...
by EfficientInvestor
Thu May 14, 2020 9:08 am
Forum: Investing - Theory, News & General
Topic: A gentle alternative to HEDGEFUNDIE's excellent adventure with 2-Year Treasury Futures
Replies: 115
Views: 13727

Re: A gentle alternative to HEDGEFUNDIE's excellent adventure with 2-Year Treasury Futures

Interested how this strategy would have performed during the current sell off. Can anyone post updated stats? I started the year with an allocation of about 120% S&P, 960% 2-year treasury, and 40% gold. That allocation is currently up about 12% for the year. I opened a futures account in Sept. 150%...
by EfficientInvestor
Thu May 14, 2020 8:41 am
Forum: Investing - Theory, News & General
Topic: A gentle alternative to HEDGEFUNDIE's excellent adventure with 2-Year Treasury Futures
Replies: 115
Views: 13727

Re: A gentle alternative to HEDGEFUNDIE's excellent adventure with 2-Year Treasury Futures

oracle101 wrote:
Thu May 14, 2020 12:09 am
Interested how this strategy would have performed during the current sell off. Can anyone post updated stats?
I started the year with an allocation of about 120% S&P, 960% 2-year treasury, and 40% gold. That allocation is currently up about 12% for the year.
by EfficientInvestor
Thu May 14, 2020 8:38 am
Forum: Investing - Theory, News & General
Topic: A gentle alternative to HEDGEFUNDIE's excellent adventure with 2-Year Treasury Futures
Replies: 115
Views: 13727

Re: A gentle alternative to HEDGEFUNDIE's excellent adventure with 2-Year Treasury Futures

I have been doing a modified Hedgefundie's strategy in tax advantage account. 70:30 (TQQQ/TMF). Its been going well but I would like to give try something in a taxable account. I opened a taxable Schwab futures account. To get my feet wet, what is the minimum amount I need to purchase for a 60:40 (...
by EfficientInvestor
Fri May 08, 2020 3:43 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2955
Views: 526457

Re: What are you up YTD? [Year To Date]

Up 18.2% across all accounts as of close of market on 5/8. I am generally implementing a risk parity approach for all accounts using S&P 500, US treasuries, and gold. I'm obtaining leverage through the use of futures and options contracts. I primarily use /ZT futures for exposure to short term bonds...
by EfficientInvestor
Thu Apr 09, 2020 7:54 am
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX?
Replies: 186
Views: 15427

Re: Why not 100% PSLDX?

But what I find really surprising is just how badly real PSLDX did this downturn compared to its simulations. What on earth happened? PV Link The problem is that these simulations are only using treasury bonds. PSLDX uses long-term treasuries AND corporate bonds similar to VBLLX. Therefore, the mor...
by EfficientInvestor
Mon Apr 06, 2020 9:19 am
Forum: Investing - Theory, News & General
Topic: Uncle Fred’s Second Coin – The Case for Leveraged Bonds
Replies: 133
Views: 9085

Re: Uncle Fred’s Second Coin – The Case for Leveraged Bonds

So you were holding 8:1 short term treasuries to S&P 500, but 11:1 fit your research? Is this determined through target volatility, or is that just maximizing the Sharpe ratio? This post I made on another thread should answer your question: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=2909...
by EfficientInvestor
Sun Apr 05, 2020 6:32 pm
Forum: Investing - Theory, News & General
Topic: Is Bogleheads suffering a derivatives epidemic?
Replies: 40
Views: 3243

Re: Is Bogleheads suffering a derivatives epidemic?

WS1 wrote:
Sun Apr 05, 2020 6:21 pm
Maybe I’m just naive, but if there is a boring way to use futures and options to produce “more desirable outcomes” I’d think bogleheads would be the optimal group of people to flesh it out.
+1. You are not naive.
by EfficientInvestor
Sat Apr 04, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4912
Views: 424881

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I’m using REITs and gold as well as equities and LTTs. DRN = 3x REITs, UGLD = 3x gold. Thks privatefarmer Have you done a backtest of this combination? (gld, reit, stocks and 3x bonds) Yes. Only can go back to 2006 though because GLD is the oldest gold fund. Using PVs adaptive allocation/min varian...
by EfficientInvestor
Fri Apr 03, 2020 3:26 pm
Forum: Investing - Theory, News & General
Topic: Uncle Fred’s Second Coin – The Case for Leveraged Bonds
Replies: 133
Views: 9085

Re: Uncle Fred’s Second Coin – The Case for Leveraged Bonds

Reviving the thread because I am curious - how has this held up in the current volatility and sudden plunge to zero rates? It has performed relatively well over the last 6 months since the last post in the thread. Up about 15% since the last post on 9/11/19 and down about 4% YTD. At the beginning o...
by EfficientInvestor
Thu Apr 02, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: Is Bogleheads suffering a derivatives epidemic?
Replies: 40
Views: 3243

Re: Is Bogleheads suffering a derivatives epidemic?

Like any good Boglehead, I am a passive index investor. However, I am also a firm believer in the concept of risk parity. In order to implement a risk parity strategy, you generally have to use leverage. Leverage requires the use of derivatives. Futures are probably best if you just need leverage. O...
by EfficientInvestor
Wed Apr 01, 2020 12:57 pm
Forum: Investing - Theory, News & General
Topic: Asset allocation strategies for accumulators
Replies: 36
Views: 2167

Re: Asset allocation strategies for accumulators

All of the alternatives that OP mentioned in the initial post generally suggest different ways to move from the risky side of the efficient frontier curve (100% stock) to the less risky side as you get closer to retirement. The Lifecycle Investing option proposes that you borrow money (let's assume ...
by EfficientInvestor
Sun Mar 29, 2020 1:30 pm
Forum: Investing - Theory, News & General
Topic: Why would any investor ever even consider a leveraged fund?
Replies: 17
Views: 1384

Re: Why would any investor ever even consider a leveraged fund?

While leveraged ETFs and mutual funds are not optimal forms of leverage (futures and options are better), they are still a tool that can be utilized to implement risk parity strategies that provide a better balance of risk among stocks and bonds. This improved balance has historically resulted in be...
by EfficientInvestor
Mon Mar 09, 2020 12:45 pm
Forum: Personal Investments
Topic: Limited ROTH 401K Options
Replies: 11
Views: 309

Re: Limited ROTH 401K Options

My company matches 5% and I contribute 15% on top of that. I think the 5% goes to traditional. We are in the bottom half of the 22% tax bracket married jointly. Just over 40k in the account now. 30 years old. In order to broaden your investment selections, you should consider maxing out Roth IRAs o...
by EfficientInvestor
Mon Mar 02, 2020 11:43 pm
Forum: Personal Investments
Topic: Grabiner, other high stock investors: 100% stocks at age 47?
Replies: 17
Views: 2786

Re: Grabiner, other high stock investors: 100% stocks at age 47?

Instead of increasing your stock exposure, have you considered keeping stocks at 60% and using leverage to increase your bond exposure in an attempt to move more toward risk parity? Then add in some commodities (eg gold) to protect against rising inflation. Below is an example that uses leveraged sh...
by EfficientInvestor
Tue Feb 11, 2020 12:18 am
Forum: Investing - Theory, News & General
Topic: Covered Calls Portfolio
Replies: 11
Views: 1220

Re: Covered Calls Portfolio

It is a legitimate strategy. However, the answer to whether it’s an appropriate strategy for your friend would depend on many factors that are currently not on the table. We would also need to know what kind of fee they would charge. One index you could look at to see historical data of a covered ca...
by EfficientInvestor
Thu Feb 06, 2020 11:05 am
Forum: Investing - Theory, News & General
Topic: What bonds are you buying?
Replies: 71
Views: 4605

Re: What bonds are you buying?

Leveraged short to intermediate term treasuries via futures contracts (/ZT, /ZF, or /ZN) to implement a risk parity portfolio.
by EfficientInvestor
Wed Feb 05, 2020 2:00 pm
Forum: Investing - Theory, News & General
Topic: How to quantify bond tradeoffs for highly taxable portfolios?
Replies: 27
Views: 1407

Re: How to quantify bond tradeoffs for highly taxable portfolios?

As you know (by nature of starting this thread), you don't want the tax tail to wag the investment dog. I have made this case on some other threads discussing large portfolios, but you may want to consider a risk parity approach. I have been meaning to post about this on your other thread, but I'll ...
by EfficientInvestor
Sat Feb 01, 2020 11:10 pm
Forum: Personal Investments
Topic: Sell company stock (taxes) or wait until early retirement (no or low taxes)
Replies: 23
Views: 1799

Re: Sell company stock (taxes) or wait until early retirement (no or low taxes)

Have you considered buying put options and/or selling covered calls to lessen the blow in the event that the price of the shares drops? You could implement a collar strategy so that the premium you bring in from the call that you sell would pay for the premium of the put that you purchase. You would...
by EfficientInvestor
Sun Jan 26, 2020 4:43 pm
Forum: Personal Investments
Topic: Looking for Portfolio Guidance
Replies: 19
Views: 1655

Re: Looking for Portfolio Guidance

I don't want to go too far out in left field regarding investing style, but since you asked about how to maximize efficiency of asset allocation... Have you considered a risk parity approach? With risk parity, you would try to balance out the risk more among the assets in your portfolio. With the 80...
by EfficientInvestor
Sat Jan 25, 2020 12:48 pm
Forum: Personal Investments
Topic: Looking for Portfolio Guidance
Replies: 19
Views: 1655

Re: Looking for Portfolio Guidance

Have you considered opening an IRA with Vanguard and rolling your old 401k to that? Then you would have your IRA and Roth IRAs in the same spot and you would have a better variety of bond fund options. I fear that opening a Rollover IRA at Vanguard with the old employer 401k money will interfere wi...
by EfficientInvestor
Sat Jan 25, 2020 11:15 am
Forum: Personal Investments
Topic: Looking for Portfolio Guidance
Replies: 19
Views: 1655

Re: Looking for Portfolio Guidance

If you really want to pay the house off, you could consider refinancing to a 15-year. Looks like you could get as low as 3% right now if you have good credit. You’ll just have to crunch the numbers to see if it makes sense. However, I’m more of a fan of using my house as a tool to apply a slight amo...
by EfficientInvestor
Sat Jan 25, 2020 10:58 am
Forum: Personal Investments
Topic: Looking for Portfolio Guidance
Replies: 19
Views: 1655

Re: Looking for Portfolio Guidance

Have you considered opening an IRA with Vanguard and rolling your old 401k to that? Then you would have your IRA and Roth IRAs in the same spot and you would have a better variety of bond fund options.
by EfficientInvestor
Tue Jan 21, 2020 3:06 pm
Forum: Investing - Theory, News & General
Topic: Critique this leveraged portfolio
Replies: 80
Views: 5077

Re: Critique this leveraged portfolio

Whoops...I missed the mark. I thought you were asking for intuition about using leveraged bonds that doesn't rely on a backtest. Yes that’s effectively what I’m asking. But I’m not asking why have bonds at all. Rather why that 10% you dedicated to bonds was in leveraged ST or IT bonds and not simpl...
by EfficientInvestor
Tue Jan 21, 2020 2:50 pm
Forum: Investing - Theory, News & General
Topic: Critique this leveraged portfolio
Replies: 80
Views: 5077

Re: Critique this leveraged portfolio

BTW, I’m not opposed to borrowing (for stocks). I do it and a lot. I’mjust wary of these ideas of borrowing for bonds. It’s borrowing to lend money. I know you can abstract assets into neat black boxes with behaviors and just forget what they actually are but common sense gives me pause. Either way...
by EfficientInvestor
Tue Jan 21, 2020 2:24 pm
Forum: Investing - Theory, News & General
Topic: Critique this leveraged portfolio
Replies: 80
Views: 5077

Re: Critique this leveraged portfolio

BTW, I’m not opposed to borrowing (for stocks). I do it and a lot. I’mjust wary of these ideas of borrowing for bonds. It’s borrowing to lend money. I know you can abstract assets into neat black boxes with behaviors and just forget what they actually are but common sense gives me pause. Either way...
by EfficientInvestor
Tue Jan 21, 2020 12:03 am
Forum: Personal Investments
Topic: How should I invest $50k for maximum monthly cash flow?
Replies: 8
Views: 1969

Re: How should I invest $50k for maximum monthly cash flow?

If you are familiar with options, you could consider the following: Buy 100 shares of SPY for $33,195 Buy 100 shares of TLT for $13,802 Sell covered calls against both holdings The base portfolio would be 70% stock and 30% long term treasury. Between dividends and bond yield, you would get about $80...
by EfficientInvestor
Mon Jan 20, 2020 8:19 am
Forum: Personal Investments
Topic: Deploying a $40m windfall in current market conditions
Replies: 60
Views: 8897

Re: Deploying a $40m windfall in current market conditions

I've said this on several other threads recently, but you could consider a risk parity approach. This would allow you to go ahead and get a decent amount of exposure to the markets without taking on too much risk. Perhaps something like what is shown below in Portfolio 1 (P1). This has shown to prov...
by EfficientInvestor
Fri Jan 17, 2020 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 43499

Re: Engineers - What are you making?

Project Manager in the water/wastewater department of a civil engineering firm
Masters Degree and PE w/ almost 9 years of experience
$104k/yr with slightly below average benefits and a ~5% bonus/yr in a LCOL area
40 hrs/week
by EfficientInvestor
Fri Jan 17, 2020 7:49 am
Forum: Personal Investments
Topic: Early Retirement/Efficient Account Use
Replies: 40
Views: 3225

Re: Early Retirement/Efficient Account Use

Good job on saving well up to this point. There have been a number of good responses so far on efficient tax management and trying to reduce expenses. I'll try to add a few things that haven't been discussed. 1. Would your husband quit working entirely, or is there a lower wage, lower stress job he ...
by EfficientInvestor
Thu Jan 16, 2020 11:25 pm
Forum: Personal Investments
Topic: 95% equities at 60 need help transitioning to retirement
Replies: 26
Views: 2939

Re: 95% equities at 60 need help transitioning to retirement

i would like to grow my accounts to 1.25M or more by that time I think it is nice to have a goal but if you want the market to go up 25% in that time frame, I think it is dangerous to plan on that happening. It could easily go nowhere or down a bit. Now if you can save more money and it sounds like...
by EfficientInvestor
Thu Jan 16, 2020 10:38 pm
Forum: Personal Investments
Topic: Interesting Potential Annuity Option
Replies: 10
Views: 834

Re: Interesting Potential Annuity Option

Option 6 (Structure $1 million of the fee) Monthly payments of $2,285 beginning immediately, guaranteed for 20 years. Guaranteed lump sum of $1,000,000 in 20 years. Congrats on the success. The first thing I’ll say is that insurance companies are in the business of making money for themselves, as i...
by EfficientInvestor
Thu Jan 16, 2020 5:07 pm
Forum: Personal Investments
Topic: 95% equities at 60 need help transitioning to retirement
Replies: 26
Views: 2939

Re: 95% equities at 60 need help transitioning to retirement

i would like to grow my accounts to 1.25M or more by that time I think it is nice to have a goal but if you want the market to go up 25% in that time frame, I think it is dangerous to plan on that happening. It could easily go nowhere or down a bit. Now if you can save more money and it sounds like...
by EfficientInvestor
Thu Jan 16, 2020 8:59 am
Forum: Personal Investments
Topic: advice on retirement portfolio for a $20m windfall
Replies: 50
Views: 8065

Re: advice on retirement portfolio for a $20m windfall

risk parity portfolio (Portfolio 2) that has had less volatility (standard deviation) and better returns. EfficientInvestor - Thank you for taking time to present me with this portfolio, a few questions arise. 1. 360% allocation in VFISX? Is this 40%?? How do you get 360%? Is it leveraged? 2. -320%...
by EfficientInvestor
Thu Jan 16, 2020 7:59 am
Forum: Personal Investments
Topic: advice on retirement portfolio for a $20m windfall
Replies: 50
Views: 8065

Re: advice on retirement portfolio for a $20m windfall

Market Portfolio is simple: 70% VTI 20% BDN 10% GLD. (I know a lot of BH's hate gold, but I bought in fall of 18 when it dipped below 1,200. Central banks have artificially suppressed inflation, and I believe it will be a solid hedge. I can afford it as insurance and it doesn't need to have a yield...
by EfficientInvestor
Wed Jan 15, 2020 4:03 pm
Forum: Personal Investments
Topic: Sold my Business (2.2 Million)! Where to store proceeds while I think?
Replies: 204
Views: 16764

Re: Sold my Business (2.2 Million)! Where to store proceeds while I think?

For right now, the majority is in cash. When Cash flow comes in, 90% of of capital goes into equities. Other portion into a piece of real estate. I like to keep life as simple as possible. Correct me if I'm wrong, but it sounds like once you get your cash flows, you will move 90% of your $1.5 milli...
by EfficientInvestor
Wed Jan 15, 2020 3:56 pm
Forum: Personal Investments
Topic: advice on retirement portfolio for a $20m windfall
Replies: 50
Views: 8065

Re: advice on retirement portfolio for a $20m windfall

Congrats on the sale of your company. Not to derail the conversation here, but I'd be curious to hear what resources were useful to you during the transaction, such as advisory firms or brokers or books. Or to hear how you and your partners learned to navigate a complex transaction. TIA... But for ...
by EfficientInvestor
Wed Jan 15, 2020 3:45 pm
Forum: Personal Investments
Topic: Sold my Business (2.2 Million)! Where to store proceeds while I think?
Replies: 204
Views: 16764

Re: Sold my Business (2.2 Million)! Where to store proceeds while I think?

For right now, the majority is in cash. When Cash flow comes in, 90% of of capital goes into equities. Other portion into a piece of real estate. I like to keep life as simple as possible. Correct me if I'm wrong, but it sounds like once you get your cash flows, you will move 90% of your $1.5 milli...
by EfficientInvestor
Wed Jan 15, 2020 3:27 pm
Forum: Personal Investments
Topic: advice on retirement portfolio for a $20m windfall
Replies: 50
Views: 8065

Re: advice on retirement portfolio for a $20m windfall

How about something like: 10%: Vanguard midcap value etf VOE 40% : TIPS 20%: Vanguard total bond etf BND 15%: Vanguard corp bond etf VTEB 15%: Vanguard muni bond etf VCIT (perhaps I make half of this VCAIX, to reduce a bit more taxes as I'm in CA. It has 93% of it's assets in AAA/AA/A bonds) As oth...
by EfficientInvestor
Wed Jan 15, 2020 10:51 am
Forum: Personal Investments
Topic: Sold my Business (2.2 Million)! Where to store proceeds while I think?
Replies: 204
Views: 16764

Re: Sold my Business (2.2 Million)! Where to store proceeds while I think?

I’m considering a three fund portfolio for most of mine. Have you considered a risk-parity approach? I find that a three fund portfolio or even a standard 60/40 portfolio might leave you over-exposed to stock risk. If you want to better balance your risk among other assets, you could implement a ri...
by EfficientInvestor
Wed Jan 15, 2020 8:56 am
Forum: Personal Investments
Topic: advice on retirement portfolio for a $20m windfall
Replies: 50
Views: 8065

Re: advice on retirement portfolio for a $20m windfall

I'm with fredflinstone on doing something in the realm of Permanent Portfolio/All-Weather. See backtest results below since 1972. This compares a simple all-weather portfolio (25% stock, 65% intermediate treasury, 10% gold) against a standard 60/40 portfolio. Be mindful that the majority of this bac...
by EfficientInvestor
Tue Jan 14, 2020 1:30 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 717
Views: 103690

Re: Year 2000 retirees using the '4% rule' - Where are they now?

It's time for another update on our hypothetical year 2000 retirees using the '4% rule of thumb'. Remember that in this example, they started with $1 million and withdrew $40k, adjusted for inflation, at the end of each year (i.e. their first withdrawal would have been on 12/31/2000) thereafter. Fo...
by EfficientInvestor
Tue Jan 14, 2020 1:13 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 920
Views: 81710

Re: Lifecycle Investing - Leveraging when young

Is there anyway to also do something similar with international? I just did a little research on my own, and it seems options on IXUS are available, but virtually no interest and the farthest out is October of this year. If you are wanting to get international exposure in addition to US exposure, y...
by EfficientInvestor
Tue Jan 14, 2020 12:46 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 717
Views: 103690

Re: Year 2000 retirees using the '4% rule' - Where are they now?

It's time for another update on our hypothetical year 2000 retirees using the '4% rule of thumb'. Remember that in this example, they started with $1 million and withdrew $40k, adjusted for inflation, at the end of each year (i.e. their first withdrawal would have been on 12/31/2000) thereafter. Fo...
by EfficientInvestor
Fri Jan 03, 2020 4:40 pm
Forum: Investing - Theory, News & General
Topic: [Deleted] [Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund]
Replies: 652
Views: 68397

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

The min vol funds are definitely appealing. Are you aware of any funds or indexes that have data inclusive of the 2008 recession? Here's a link to the MSCI Min Vol index documentation: LINK It shows a -26% performance in 2008. A simulated NTSX also shows a -26% return in 2008, compared to -37% for ...
by EfficientInvestor
Fri Jan 03, 2020 4:24 pm
Forum: Investing - Theory, News & General
Topic: [Deleted] [Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund]
Replies: 652
Views: 68397

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

I have been thinking a lot about NTSX and it's use as part of an all-weather/risk parity strategy. In fact, I assisted my father-in-law in buying some shares of NTSX today to implement such a strategy. He is 60 and really needs to save and invest well over the next decade if he wants to retire at 7...
by EfficientInvestor
Fri Jan 03, 2020 9:19 am
Forum: Investing - Theory, News & General
Topic: [Deleted] [Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund]
Replies: 652
Views: 68397

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

Speculation not investing. Disagree. This is not at all the same as picking stocks. It’s more like taking out a mortgage to invest more in the total market index. That’s investing, just high powered investing. Fair enough and I would add high risk investing. That depends on your definition of risk....